Archer Aviation has raised $850 million through the sale of 85 million shares of its Class A common stock at $10 per share, in a registered direct offering arranged by Moelis & Company. The funds will support the company’s commercial infrastructure, its Launch Edition markets and the creation of an AI-driven aviation software platform.

The raise followed the White House’s launch of an Executive Order by President Trump to implement an eVTOL Integration Pilot Program. Archer plans to work closely with the White House, the Department of Transportation and the FAA to align this programme with its operations, especially in the run-up to the LA 28 Olympic Games where it will serve as official air taxi provider to the Olympic Games and Team USA.

Archer said the additional capital brings its total liquidity to approximately $2 billion, helping it maintain momentum on engineering, certification and commercial efforts across the U.S. and abroad.

CEO and founder Adam Goldstein says: “This Executive Order is a seminal moment for Archer and the eVTOL industry. We now have the strongest balance sheet in the sector and the resources we need to execute both here in the U.S. and abroad. Archer's future couldn't be any brighter.”

Archer will attend next week’s Paris Air Show to showcase its Midnight aircraft. It will host delegations from more than 20 countries including partners from the UAE, its first Launch Edition market. Meetings are also planned with U.S. Secretary of Transportation Sean P. Duffy and acting FAA administrator Chris Rocheleau.